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TSLA, this bear shall have legs

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Cobra
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TSLA, this bear shall have legs

Post by Cobra »

$TSLA, the selling so far has been strong therefore likely there'll be another leg down so this bear shall have legs.
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brucekeller
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Re: TSLA, this bear shall have legs

Post by brucekeller »

Think it will try to exceed the already higher low or this down move might be invalidated today with a new higher high?
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Cobra
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Re: TSLA, this bear shall have legs

Post by Cobra »

brucekeller wrote:Think it will try to exceed the already higher low or this down move might be invalidated today with a new higher high?
Sorry, I don't understand your question. The chart below shows where I think we're right now.
1.png

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Cobra
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Re: TSLA, this bear shall have legs

Post by Cobra »

$TSLA, 2 consecutive strong bull bars (1st one was a good bull signal bar and the 2nd one was a strong entry bar therefore good successful chances of the trading reversals setup), there're some chances the low was in, watch. I know, some chances do not help trading but it's beyond the scope of the topic here. The actual trade will need consider the risk reward ratio which maybe a little late today (yesterday was good enough as it's a good signal bar, unfortunately I check TSLA chart only on Monday and Wednesday). If you don't understand what I'm saying then the trading reversals setup is not for you.
tsla.png

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